53 Hambly Ave., Toronto
Asking price: $1,989,000
Selling price: $2,042,000
Taxes: $7,749 (2019)
Days on the market: 17
Co-op agent: Pierre Carapetian, Re/Max Hallmark Pierre Carapetian Group Realty
Agent Pierre Carapetian took clients working with a $2.5-million budget through nearly 20 homes from Roncesvalles to Riverdale. Their must-have list included: at least four bedrooms, a private backyard and parking. After losing one bidding war, they ventured further east to the Beaches to buy this 2½-storey house in late September.
“This listing was just on the market for four or five days at this price and it had been reduced by $100,000 or $200,000,” said Mr. Carapetian, whose clients were not the only buyers intrigued by the price drop.
“When we offered, there was another offer that came in around the same time.”
What they got
This more than century-old residence preserves much of its original charm, such as bay windows and stained glass windows, as well as an oak staircase in the foyer, a wood-burning fireplace in the living room and pocket doors to the dining room.
Renovations have been carried out in the eat-in kitchen, which now has heated floors, a skylight and double French doors to the deck. The recreation room below also has a walkout to the gated garden and garage on the 30-foot-by-125-foot lot.
There are bathrooms on each level and five bedrooms on the top two floors, including a master with a large dressing room.
The agent’s take
“We weren’t originally looking in the Beaches … [but] it has a community feel the buyers like and it’s close to all the shops and restaurants on Queen,” Mr. Carapetian said.
“The house is quite large and it had a lot of potential.”
Your house is your most valuable asset. We have a weekly Real Estate newsletter to help you stay on top of news on the housing market, mortgages, the latest closings and more. Sign up today.